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At December 31, 2011 and 2010, Miley Corp. had 180,000 shares of common stock and 10,000 shares of 5%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2011 or 2010. Net income for 2011 was $400,000.REQUIRED: What does the 2011, earnings per common share amount to?
ABC Inc. has just entered into the business of selling antique cars. The company management decided to lease the premises for the business instead of buying the office premises.
busy beaver corp. is interested in reviewing its method of evaluating capital expenditure proposals using the
victory corporation sold 400 shares of treasury stock for 45 per share. the cost for the shares was 35. the entry to
At December 31, balances in Overhead are as follows: Lott Company-debit $1,500, Perez Company-credit $900. Prepare the adjusting entry for each company at December 31, assuming the adjustment is made to cost of goods sold.
designers could earn additional 1000000 income before interest and taxes by expanding into new markets. however the
Describe the conference method for estimating a cost function. what are two advantages of this method?
If so, then lower-of-cost-or-market cannot be classified as a conservative method." Do you agree with this statement? Discuss.
In 2001, Genentech had 535.3 million average common shares outstanding, actual shares outstanding at year-end of 528.3 million and reported earnings per share of $.28. Genentech's reported net income in 2001 equals
you have read about the methods for allocating support costs to supporting departments. offer at least two example
Jose purchased a house for $175,000 in 2005. He used the house as his personal residence. In March 2008, when the fair market value of the house was $255,000, he converted the house torental property.
Sales revenues are $800,000 for 2012, sales returns and allowances are $45,000, and the allowance for doubtful accounts has a credit balance of $9,000. Prepare the adjusting entry to record bad debts expense in 2012.
after numerous campus interviews alex sanchi a student at bc received two office interview invitations from the orlando
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